4343 PICTURES AS: årsregnskap 2021 vs 2020
Grew 101% on revenue, stronger earnings
approved 2022-07-11; registry 2022-07-13; journal 2022 703178
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4343 PICTURES AS. Revenue 395.5k NOK → 793.7k NOK (+100.7%). Net result -93.3k NOK → -2 657 NOK. Equity 13.17m NOK → 164.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 4343 PICTURES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 395.5k NOK to 793.7k NOK (+100.7% YoY). Calculated
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↑
Operating result improved
Operating result -93.3k NOK → -2 657 NOK (op. margin -23.6% → -0.3%). Calculated
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Net result improved
Net result -93.3k NOK → -2 657 NOK (net margin -23.6% → -0.3%). Calculated
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Cash rose
Bank deposits 58.9k NOK → 212.0k NOK (+260.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 13.17m NOK → 164.9k NOK (equity ratio 6723.3% → 62.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 52.8k NOK → 3.28m NOK (13% → 413% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 255.1k NOK → 335.1k NOK (+31.4% YoY). Calculated